LTT on a £425,000 house in Wales
Buying a £425,000 home in Wales? A home mover pays £12,375 Land Transaction Tax, 2.91% of the price.
- Main rates
- £12,375
- Second home or buy-to-let
- £33,075
- Same price in England
- £11,250
- HMRC 2026/27 rates
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LTT on a £425,000 property in Wales is £12,375 for a home mover and £33,075 for a second home or buy-to-let.
How £12,375 is worked out
| Portion of the price | Rate | Tax |
|---|---|---|
| £0 to £225,000 | 0% | £0 |
| £225,000 to £400,000 | 6% | £10,500 |
| £400,000 to £425,000 | 8% | £1,875 |
| Total stamp duty | 2.91% | £12,375 |
£425,000 across the UK
Property tax on a home mover's £425,000 purchase in each nation. Wales has the highest nil rate band at £225,000, so cheaper homes pay less than in England.
The rest of a £425,000 purchase
With a 10% deposit you would borrow about £382,500. At 4.5% over 25 years that is £2,126 a month (see a £380,000 mortgage). Most lenders would want a household income of around £84,000: what £84,000 can borrow.
LTT on nearby prices
Questions people ask
Do first-time buyers pay less LTT on £425,000?
No. Wales has no first-time buyer relief, so first-time buyers pay the same £12,375 as anyone else. The nil rate band is already £225,000 for everyone.
How much LTT is due on a £425,000 second home or buy-to-let?
£33,075, using the higher residential rates that start at 5% from the first pound.
How does Wales compare with England on £425,000?
In England a home mover pays £11,250 stamp duty on £425,000, £1,125 less than the £12,375 LTT in Wales.